Retail sales plateau in Mecklenburg County after growth
Sales tax revenue growth has stabilized at around 2.5% year-over-year, down from more than 20%
The following article appeared in the Feb. 12, 2025, edition of The Charlotte Ledger, an e-newsletter with smart and original local news for Charlotte. We offer free and paid subscription plans. More info here.
Mecklenburg’s consumer spending has flattened out after years of high growth
The amount of retail sales in Mecklenburg County has started to level off following big year-over-year increases in 2021, 2022 and 2023.
In a presentation to Mecklenburg County commissioners late last month, county chief financial officer David Boyd presented a chart showing double-digit growth in county sales tax revenue in some months of 2022, to levels surpassing 20% compared with the same months a year earlier. Those big increases resulted from spending that came roaring back after Covid.
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